Saudi Ceramics 2Q16 earnings fall 65% Y-o-Y on drop in sales & margins and higher financing and Zakat cots; miss estimate
Net income – SAR28mn, -65% Y-o-Y, -40% Q-o-Q, -35% vs. EFGe Gross profit – SAR109mn, -33% Y-o-Y, -10% Q-o-Q, -4% vs. EFGe Net operating profit – SAR37mn, -57% Y-o-Y, -33% Q-o-Q, -25% vs. EFGe Saudi ceramics (SCC) reported its
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